Tuesday night, March 1, 2016, Parsippany-Troy Hills Township Council meeting the Business Administrator, CFO and Mayor Barberio verbally responded to a Parsippany resident questions regarding comments on Roy’s Corner article in February on the townships medical self-insurance. In my opinion, the response was a horse and pony show, the residents two questions stated at the February council meeting were never answered.
Roy’s corner commentary in February was plain and simple. First, why is Parsippany paying well above the going rate per employee for self-insurance coverage and second if Parsippany is experiencing a very favorable claim-loss ratio, what is the surplus and where is the money?
At the February meeting the resident plainly asked is Roy’s corner correct or not. The twenty minute diatribe from the administration did not answer the simple questions. Fellow taxpayers its obvious we are overpaying. There is a surplus. Parsippany has coverage thru Fairview (Goggle: follow the money) which is making substantial political contributions to PACS that fund some of our local politicians campaigns.
The undersigned contacted NJ State Department of Banking and Insurance and Federal Dept. of Labor, neither requires reporting on statues regarding self-insurance reporting for municipalities. At a minimum, Parsippany should have a Trust account in place for self-insurance separate and distinct from the other operating expenses of the township. Retired police officers, you have a lot at stake here as well a taxpayers and others insured.
Mayor James Barberio with silent consent of several council members is ripping the taxpayers off so he can benefit from political contributions. You, even if you do not vote for him are paying for his political campaign. Keep that in mind !!!!!
